Asian governments and international agencies are reeling at the potential economic devastation left by the Asian tsunami and floods. World…
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Bush to outline ‘toughest’ budget
President Bush is to send his toughest budget proposals to date to the US Congress, seeking large cuts in domestic…
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Yukos unit fetches $9bn at auction
A little-known Russian company has bought the main production unit of oil giant Yukos at auction in Moscow. Baikal Finance…
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Germany calls for EU reform
German Chancellor Gerhard Schroeder has called for radical reform of the EU’s stability pact to grant countries more flexibility over…
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Beijingers fume over parking fees
Choking traffic jams in Beijing are prompting officials to look at reorganising car parking charges. Car ownership has risen fast…
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Iraq and Afghanistan in WTO talks
The World Trade Organisation (WTO) is to hold membership talks with both Iraq and Afghanistan. But Iran’s bid to join…
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Italy to get economic action plan
Italian Prime Minister Silvio Berlusconi will unveil plans aimed at kickstarting the country’s sputtering economy on Thursday night in Rome.…
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Ban on forced retirement under 65
Employers will no longer be able to force workers to retire before 65, unless they can justify it. The government…
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China bans new tobacco factories
The world’s biggest tobacco consumer, China, has said it will not allow any new tobacco factories to be built. China…
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Wal-Mart to pay $14m in gun suit
The world’s largest retailer, Wal-Mart, has agreed to pay a total of $14.5m (£7.74m) to settle a lawsuit over gun…
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